The Block
Quick Take Brevan Howard Digital, a subsidiary of the hedge fund manager Brevan Howard, rose 34.5% to $1.7 billion in the first quarter of this year, Bloomberg reports. Brevan Howard Digital’s increase comes as the macro crypto market trends downward.
Quick Take Alpen Labs went out of stealth Wednesday and announced $10.6 million in prior funding. The firm aims to help fix scaling issues with the Bitcoin network through zero-knowledge proofs and rollups.
Quick Take Web3 social app Tomo has raised $3.5 million in a seed funding round led by Polychain Capital. The platform also unveiled a new TomoID wallet feature and a planned revamp of its points rewards system.
Quick Take Former FTX executive Ryan Salame’s sentencing will begin May 28 at 11 a.m. in front of Judge Lewis Kaplan of the U.S. District Court for the Southern District of New York. Salame pled guilty last year to conspiracy to making unlawful political contributions.
A controversial Sushi DAO treasury proposal has passed an initial signal vote. The governance proposal suggests transferring more than $40 million in DAO-controlled treasury assets to a new vault managed by Sushi Labs.
Quick Take Auradine has raised $80 million in a Series B funding round. The new round comes ahead of the Bitcoin halving event as the company gears up to ship its Teraflux bitcoin miners.
Quick Take Data labeling company Sapien has raised $5 million in a seed funding round. Investors in the round included Primitive Ventures, Animoca, Ravikant Capital and Yield Guild Games.
Stepn has been distributing bonus points that are worth roughly $30 million if exchanged for GMT tokens. The move-to-earn app said it is on the verge of announcing a partnership with a major shoe and apparel company.
The bitcoin price fell below the $69,000 mark as traders await today’s U.S. CPI reading.A soft print can potentially affect the likelihood of a June rate cut by the Fed, although the market currently expects the chances of such an outcome to be just over 50%.
Quick Take MetaMask integrated with Daylight to let users check airdrop eligibility and potential NFT claims. The feature is supported across multiple blockchains.
